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Knowledge, Scale And Transactions In The Theory Of The Firm

Knowledge, Scale And Transactions In The Theory Of The Firm

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  • ISBN:9780521862431
  • Editorial: Cambridge University Press
  • Fecha de la edición:
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  • Dimensiones: 0 cm x 23 cm
  • Nº Pág.:370
  • Idiomas:Ingles,Inglés

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Firms in market economies vary enormously in size, nature and competitiveness. In this important contribution to the literature on the theory of the firm, Mario Morroni provides a new analytical framework which improves our understanding of the causes of this diversity in organisational design and performance. The relations between internal and external basic conditions, decision-making mechanisms and organisational coordination are addressed, as are the circumstances in which capabilities, transactions and scale-scope considerations interact. With the emergence of the knowledge-based economy and the increasing pressure of global competition, the development of capabilities is acquiring ever greater importance in boosting competitiveness. Morroni shows that long-term relational agreements enhance learning processes and offer powerful tools for improving competitiveness in a context of conflicting interests, incomplete knowledge, and uncertainty.

Figures; Tables; Acknowledgements; Introduction and summary; 1. Basic conditions; 2. Decision making; 3. Organisational coordination; 4. Wrestling with uncertainty; 5. Uncertainty-decreasing strategies within firms; 6. By way of a conclusion: growth of the firm as the interplay between the three aspects of organisational coordination; Glossary; References.

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